If you administer a 403(b) plan you should be familiar with the term “universal availability”. This concept means that, as a general rule, all employees must be allowed to make elective deferrals into ...

New IRS Notice 2024-73 provides important clarity on long-term part-time (LTPT) employees' eligibility for participation in 403(b) plans. While 403(b) plans are subject to many of the same rules that ...

A 403(b) plan is a tax-advantaged retirement savings plan designed for employees of certain tax-exempt organizations, such as public schools, colleges, universities, hospitals, and religious ...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) last week provided transition relief for plan administrators of 403(b) plans who make a good faith effort to comply with ...

Both 401(k) and 403(b) plans are employer-sponsored retirement plans, but there are key differences between the two plans that are important to highlight. Simply put, a 403(b) plan is a type of ...

Planning for retirement can seem daunting, but it’s essential to securing a stable financial future. For those working in public schools, nonprofit organizations and some churches, a 403(b) plan ...

As you look toward 2025 and your financial future, there are tools and resources you can use to help keep your planning and savings on track. Each year in November, the IRS announces the next year's ...

The Roth 403(b) contribution source option offers the potential for tax-free retirement income. Unlike a traditional pretax 403(b) the Roth 403(b) allows you to contribute after-tax dollar and then ...